Examples of Warehouser in a sentence
The Warehouser shall pay interest on overdue monies at the rate equivalent to 5% per annum above the Commonwealth Bank’s Corporate Overdraft Reference Rate from time to time calculated on daily rates from the due date until payment.
LDC may, within the season, vary these terms and conditions for prospective application at any time and from time to time by notice to the Warehouser, acting reasonably.
In the absence of obvious error, LDC’s records concerning the quantity or quality of the Commodity that is being, or has been, warehoused shall be deemed to be conclusive.LDC at its discretion may, without consultation, adjust the Outturn Entitlement for any Commodity and/or grade to zero where the entitlement is within + or – 1 tonnes of zero (neither LDC or the Warehouser will be entitled to compensation in these circumstances).
Where the Warehouser has outturned its Outturn Entitlement and has benefited from an outturn quantity or quality in excess of that to which it was entitled, the Warehouser will, on demand, compensate LDC by payment for that excess calculated at the Season Average Price.
Nevertheless, each Warehouser remains responsible to LDC for payment of all charges accrued during that Warehouser’s period of ownership of the Outturn Entitlement.The Warehouser agrees that a Buyer may elect to offset the Grower storage charges against the purchase price of the Commodity and pay such storage charges directly to LDC.Details of how to make payment are set out in Schedule 3.